Swiss National Bank Portfolio holdings
The Swiss National Bank (SNB), founded in 1907 and headquartered in Zurich with an office in Bern, is Switzerland’s central bank, responsible for conducting monetary policy, issuing the Swiss franc, and ensuring price stability, while uniquely managing a massive investment portfolio. Unlike most central banks, the SNB is a joint-stock company with shares traded on the SIX Swiss Exchange, owned roughly 55% by public entities like cantons and 45% by private investors, yet it operates independently under federal oversight. It holds over $800 billion in foreign currency reserves as of late 2024—invested in global equities, bonds, and gold—to manage the franc’s value, famously intervening in markets to prevent excessive appreciation, as seen with the 2015 abandonment of the euro peg. Led by Chairman Thomas Jordan until his planned exit in September 2024, the SNB balances its dual role as a monetary authority and a significant global investor, influencing both Swiss and international financial stability.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$132M |
| 2 |
Newmont
NEM
|
+$67.7M |
| 3 |
Corteva
CTVA
|
+$65.9M |
| 4 |
Amcor
AMCR
|
+$58.2M |
| 5 |
Alibaba
BABA
|
+$48.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$128M |
| 2 |
Apple
AAPL
|
+$93M |
| 3 |
GG
Goldcorp Inc
GG
|
+$78.3M |
| 4 |
Microsoft
MSFT
|
+$73.5M |
| 5 |
Pfizer
PFE
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 14.68% |
| 3 | Consumer Discretionary | 11.95% |
| 4 | Communication Services | 10.15% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Acadia Pharmaceuticals
ACAD
$5.07B
| $5.37M | 0.01% |
200,704
-5,100
| -2% | -$130K |
|
1077
Descartes Systems
DSGX
$6.78B
| $5.35M | 0.01% |
144,600
+3,500
| +2% | +$136K |
|
|
MZTI
1078
The Marzetti Company
MZTI
$3.15B
| $5.32M | 0.01% |
35,826
+700
| +2% | +$105K |
|
|
BLD
1079
DELISTED
TopBuild
BLD
| $5.32M | 0.01% |
64,321
-200
| -0.3% | -$15.3K |
|
1080
Dana Inc
DAN
$3.27B
| $5.32M | 0.01% |
266,800
+3,100
| +1% | +$55.2K |
|
1081
Floor & Decor
FND
$6.44B
| $5.32M | 0.01% |
126,900
+2,400
| +2% | +$100K |
|
1082
Dr. Reddy's Laboratories
RDY
$10.4B
| $5.31M | 0.01% |
708,795
+187,985
| +36% | +$1.48M |
|
1083
The Ensign Group
ENSG
$10.5B
| $5.3M | 0.01% |
99,524
+2,673
| +3% | +$134K |
|
1084
Yelp
YELP
$1.28B
| $5.29M | 0.01% |
154,664
+10,800
| +8% | +$374K |
|
1085
Cabot Corp
CBT
$4.49B
| $5.28M | 0.01% |
110,700
+1,800
| +2% | +$81K |
|
1086
American Eagle Outfitters
AEO
$2.91B
| $5.27M | 0.01% |
311,900
+4,900
| +2% | +$99.2K |
|
1087
WaFd
WAFD
$2.82B
| $5.27M | 0.01% |
150,900
+2,200
| +1% | +$71.2K |
|
1088
Monro
MNRO
$365M
| $5.25M | 0.01% |
61,542
+1,400
| +2% | +$117K |
|
|
P
1089
Everpure Inc
P
$36.4B
| $5.23M | 0.01% |
342,400
+5,700
| +2% | +$111K |
|
|
UFS
1090
DELISTED
DOMTAR CORPORATION (New)
UFS
| $5.21M | 0.01% |
117,100
+2,400
| +2% | +$110K |
|
1091
GDS Holdings
GDS
$6.54B
| $5.21M | 0.01% |
138,709
| – | – |
|
1092
Pegasystems
PEGA
$5.44B
| $5.2M | 0.01% |
146,000
+2,600
| +2% | +$92.6K |
|
|
FOLD
1093
DELISTED
Amicus Therapeutics
FOLD
| $5.19M | 0.01% |
416,200
+71,200
| +21% | +$903K |
|
1094
Fulton Financial
FULT
$4.65B
| $5.18M | 0.01% |
316,700
-4,300
| -1% | -$70.8K |
|
1095
Valmont Industries
VMI
$9.52B
| $5.17M | 0.01% |
40,800
+500
| +1% | +$62.3K |
|
1096
Wingstop
WING
$3.03B
| $5.17M | 0.01% |
54,600
+1,200
| +2% | +$97.8K |
|
1097
Morningstar
MORN
$7.33B
| $5.16M | 0.01% |
35,700
+700
| +2% | +$96.6K |
|
|
MGP
1098
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $5.16M | 0.01% |
168,401
+8,200
| +5% | +$260K |
|
1099
CarGurus
CARG
$3.22B
| $5.15M | 0.01% |
+142,700
| New | +$5.36M |
|
1100
American States Water
AWR
$3.47B
| $5.15M | 0.01% |
68,400
+1,400
| +2% | +$101K |
|
Similar funds
Swiss National Bank's Q2 2019 Portfolio in Review
As of Q2 2019, Swiss National Bank held 2,619 positions worth $92.7B, up 1.7% from $91.2B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Swiss National Bank's Q2 2019 filing shows 112 new, 1,554 increased, 696 reduced and 65 closed positions. Its largest new stake was Dow Inc: 2,494,044 shares worth $123M. The largest sale was DuPont de Nemours, an estimated $128M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Swiss National Bank's largest Q2 2019 buy was Dow Inc: 2,494,044 shares worth $123M.
- Swiss National Bank added most to Newmont in Q2 2019, an estimated $67.7M increase.
- Swiss National Bank's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $128M.
- Swiss National Bank fully exited Goldcorp Inc in Q2 2019, selling an estimated $78.3M.
- Swiss National Bank's ten largest holdings make up 18% of its $92.7B portfolio in Q2 2019.
- Swiss National Bank opened 112 new positions and closed 65 in Q2 2019.
- Swiss National Bank's portfolio value rose 1.7% quarter-over-quarter to $92.7B.
Based on Swiss National Bank's 13F filing for Q2 2019, filed 2 Aug 2019.